Date  | Highlights  | Count |
| 2026q1 | Z.1 release tables renumbered: Effective with this release, all Z.1 Financial Accounts of the United States release tables have been renumbered to more closely align with the System of National Accounts (SNA) classification hierarchies for sectors and instruments. Previously, tables used a sequential numeric system. The new numbering system utilizes recommended SNA alphanumeric codes (for example, table F.133 is now S2.t, and table L.133 is now S2.s). Adoption of the SNA table structure enhances the international comparability of the U.S. Financial Accounts and provides flexibility for future additions or removals of sectors or instruments. A CSV file with a complete table mapping of the previous table numbers to the new numbering system and a technical Q&A that provides additional details on the numbering system are available on the Z.1 Financial Accounts release page (https://www.federalreserve.gov/releases/z1/). | 1 |
| 2026q1 | Federal funds and security repurchase agreements instrument reclassified: The Federal funds and security repurchase agreements instrument (tables F4.1.t and F4.1.s) has been reclassified as a subcategory of total loans (tables F4.t and F4.s). Previously, federal funds and security repurchase agreements were classified as a separate, top-level instrument category. | 2 |
| 2026q1 | Direct investment intercompany debt instrument shifted: The direct investment intercompany debt instrument category (tables F89.2.t and F89.2.s) has been reordered within the financial accounts and is now grouped with taxes and miscellaneous assets. In the Integrated Macroeconomic Accounts (IMA) and international data submissions, direct investment intercompany debt has been reclassified from a subcategory of loans to a subcategory of other accounts payable excluding trade credit. This reclassification applies only to the IMA and international submissions; in the financial accounts, direct investment intercompany debt has been consistently classified as a separate instrument category. | 3 |
| 2026q1 | Z.1 tables reordered: The new table numbering system has changed the order of some tables within the release. The life insurance companies (tables S1281.t, S1281.s and subsectors), property-casualty insurance companies (tables S1282.1.t and S1282.1.s), and private and public pension fund sectors (tables S129.t, S129.s and subsectors) have been moved toward the end of the domestic sectors tables. Money market fund shares (tables F521.t and F521.s) have been moved to immediately precede mutual fund shares (tables F522.1.t and F522.1.s). The tables Derivation of measures of personal saving (S1P.t) and Assets and liabilities of the personal sector (S1P.s) have been moved from the summary section to the supplementary section. In the IMA, nonfinancial corporate business (table S11.1.i.a) now precedes nonfinancial noncorporate business (table S11.2.i.a). | 4 |
| 2026q1 | Terminology change: Levels to stocks outstanding: The terminology "levels" previously used to describe amounts outstanding of assets and liabilities at the end of the period has been replaced with "stocks outstanding" throughout the financial accounts. This change aligns with standard macroeconomic accounting terminology and affects table titles, series descriptions, and accompanying documentation. | 5 |
| 2026q1 | Terminology change: Monetary authority to central bank: The monetary authority sector has been renamed the central bank sector to align with SNA guidelines. The activities, assets, and liabilities of the central bank sector (tables S121.t and S121.s) exclude certain functions that would be consolidated within a monetary authority sector as defined by the SNA. These functions are performed by the federal government in the United States and are therefore recorded in the federal government sector in both the financial accounts and the National Income and Product Accounts (NIPA) produced by the Bureau of Economic Analysis (BEA). | 6 |
| 2026q1 | Discontinued tables: Several tables featuring data from the BEA's NIPA and Fixed Asset Accounts have been discontinued. The discontinued tables include: Distribution of gross domestic product (previously F.2), Distribution of national income (previously F.3), Saving and investment by sector (previously F.4), Net capital transfers (previously F.5), Gross fixed investment (previously F.4.g), Consumption of fixed capital (previously F.4.c), Net fixed investment (previously F.4.f), and Net stocks of fixed assets, current cost (previously L.4.s). All data series from these tables will continue to be updated and will remain available for download from the Federal Reserve Board's website. | 7 |
| 2026q1 | Financial Accounts Guide Tables webpage discontinued: The Financial Accounts Guide Tables webpage and associated HTML tables have been discontinued. HTML tables with direct links to Series Analyzer entries (data series documentation) and table descriptions are now available on the Z.1 Financial Accounts release page (https://www.federalreserve.gov/releases/z1/). | 8 |
| 2025q4 | Z.1 statistical release files redesigned: The Z.1 statistical release PDF, corresponding HTML tables, and the Recent Developments webpage have been redesigned to improve readability and user experience. The redesigned Recent Developments webpage, now also included in the Z.1 PDF, incorporates updated summary text with additional charts and tables. The redesigned HTML tables now more closely align with tables in the Z.1 PDF, utilizing the same series descriptions and row indentation formatting. In addition, HTML table series codes now link to the series analyzer tool entries in the Financial Accounts Guide. | 9 |
| 2025q4 | Z.1 tables to be renumbered and reorganized for the June 2026 release: The Z.1 tables will be renumbered and reorganized for the June 2026 publication. The new numbering system will closely align with the System of National Accounts (SNA) classification hierarchies for sectors and instruments and will utilize recommended SNA alphanumeric codes. Adoption of the SNA table structure will enhance the international comparability of the U.S. Financial Accounts and improve scalability when sectors and/or instruments are added or removed from the Accounts. A complete mapping of the current table structure to the new numbering system will be posted with the June preview release. | 10 |
| 2025q3 | Federal government investments during the Global Financial Crisis: Beginning 2008:Q3, debt and equity investments made by the federal government (tables F.106 and L.106) to government-sponsored entities (tables F.125 and L.125) and other financial business (tables F.132 and L.132) during the Global Financial Crisis (GFC) were revised to align with program descriptions and valuations presented in the annual Financial Report of the United States Government. | 11 |
| 2025q3 | Federal Government Funds Held Outside of Treasury: Beginning 2021:Q3, foreign deposits held by the federal government sector (tables F.106, and L.106) include Funds Held Outside of Treasury collected for the Foreign Military Sales Program. | 12 |
| 2025q3 | Insurance company holdings of debt securities: Beginning 2020:Q1, debt security holdings of the insurance company sectors (tables F.115, F.116.g. F.116.s, L.115, L.116.g. L.116.s) have been revised to reflect improved classification methodology. | 13 |
| 2025q3 | Owner-occupied residential real estate: Beginning 2018:Q3, the valuation of owner-occupied residential real estate (table B.101) has been revised to reflect updated valuation estimates from Zillow and housing stock estimates from Census' American Community Survey. | 14 |
| 2025q3 | National Income and Product Accounts annual update: The statistics in this publication reflect the 2025 annual update of the National Income and Product Accounts (NIPAs) released by BEA on September 25, 2025, as well as information for 2025:Q3 released on December 23, 2025. See the November 2025 issue of the Survey of Current Business at https://apps.bea.gov/scb/ for further details. | 15 |
| 2025q3 | Fixed assets annual update: Investment, depreciation, and capital stock data for private and government sectors have been revised beginning 2020:Q1 to reflect updated annual estimates of fixed assets from BEA. | 16 |
| 2025q3 | FEDS Note: A new FEDS note was published on October 15, 2025: "The Cross-Border Trail of the Treasury Basis Trade" (Daniel Barth, Daniel Beltran, Matthew Hoops, Jay Kahn, Emily Liu, and Maria Perozek). | 17 |
| 2025q2 | U.S.-chartered depository institutions depository loans n.e.c. to state and local governments: A new series is available for U.S.-chartered depository institutions (tables F.111 and L.111) depository loans n.e.c. to the state and local governments sector (tables F.107 and L.107). Previously, these loans were classified as municipal securities holdings of the U.S.-chartered depository institutions sector. Data begin 1984:Q1 and are estimated from the quarterly FR Y-14Q Capital Assessments and Stress Testing Information collection and FFIEC 031/041/051 Consolidated Reports of Condition and Income. This series has also been added as a new liability instrument on the state and local government sector tables. | 18 |
| 2025q2 | Funding agreement-backed repurchase agreement liabilities: New detail is available on funding agreement-backed repurchase agreement (FABR) liabilities of the issuers of asset-backed securities (ABS) sector (tables F.127 and L.127). Previously, FABR were classified as corporate bond liabilities of the ABS sector. Data begin 2020:Q3. | 19 |
| 2025q2 | Private pension benchmark: Assets of the private pension fund sector (tables F.118, F.118.b, F.118.c, L.118, L.118.b, and L.118.c) have been revised beginning 2023:Q1 to reflect new 2023 plan year data from U.S. Internal Revenue Service/Department of Labor/Pension Benefit Guaranty Corporation Form 5500. | 20 |
| 2025q2 | Select seasonal factors removed: Beginning 2020:Q1, seasonal factors have been removed for select series that no longer exhibit seasonality over the last 10 years. Affected series include federal government issuance of Treasury securities, excluding bills, and Treasury security transactions of U.S.-chartered depository institutions, money market funds, security brokers and dealers, and the Civil Service Retirement and Disability Fund. Seasonal factors on the federal government Treasury General Account at the monetary authority have also been removed. Seasonally adjusted transactions for these series have been revised accordingly. | 21 |
| 2025q1 | Security brokers and dealers sector assets: Assets of the security brokers and dealers sector (tables F.130 and L.130) have been revised to incorporate new information on long and short positions available from the U.S. Securities and Exchange Commission Financial and Operational Combined Uniform Single Reports (FOCUS) beginning 2021:Q4. Short position estimates for Treasury securities and agency- and GSE-backed securities have been revised beginning 1975:Q1 and new series have been added for commercial paper, municipal securities, corporate equities and other miscellaneous assets. Long positions have been revised for Treasury securities and agency- and GSE-backed securities (1980:Q1 through 2021:Q4) and corporate equity and corporate and foreign bonds (2000:Q1 through 2021:Q3). New memo detail on tables F.130 and L.130 show all short positions for this sector, which are netted from long positions on the tables to avoid double counting in the Financial Accounts. | 22 |
| 2025q1 | State and local government sector assets: Beginning 2003:Q2, assets of state and local governments (tables F.107 and L.107) have been revised due to improvements in the estimation methodology for open market paper, mortgage loans, security repurchase agreements, Treasury securities, agency- and GSE-backed securities, municipal securities, corporate and foreign bonds, corporate equities, mutual fund shares, and miscellaneous assets. | 23 |
| 2025q1 | Mutual fund sector municipal securities transactions: Beginning 2000:Q1, transactions for mutual fund sector (table F.122) holdings of municipal securities have been revised based on municipal bond fund transactions. Previously, transactions were calculated as the change in the level minus a revaluation component estimated using a price index. | 24 |
| 2025q1 | Nonfinancial corporate business sector benchmark: Assets of the nonfinancial corporate business sector (tables F.103, L.103, B.103, and R.103) have been revised from 2023:Q1 forward to reflect new benchmark data from the Internal Revenue Service (IRS) Statistics of Income (SOI) for 2023. | 25 |
| 2025q1 | Closely held equity: Beginning 2018:Q1, the market value of closely held equity issued by S corporations (table L.224) has been revised to reflect data from 2018 to 2021 on the net worth of S corporations from the Internal Revenue Service (IRS) Statistics of Income (SOI). | 26 |
| 2025q1 | Integrated Macroeconomic Accounts revaluation accounts: The revaluation accounts on several sectoral tables of the Integrated Macroeconomic Accounts (IMA) have been modified to include all asset and liability instruments that have nonzero revaluations recorded in the Financial Accounts (Z.1). Offsetting revisions impact the other changes in volume account. This change affects the IMA tables for households and nonprofit institutions (S.3.a and S.3.q), financial business (S.6.a and S.6.q), financial subsectors (S.61.a - S.65.a and S.61.q - S.65.q), federal government (S.7.a and S.7.q), and state and local governments (S.8.a and S.8.q). | 27 |
| 2024q4 | Credit union sector: Beginning 2003:Q1, the credit union sector (tables F.114 and L.114) has been revised due to a change in source data from the discontinued America's Credit Union Monthly Credit Union Estimates report to the National Credit Union Association (NCUA) natural person credit union call report (NCUA 5300), and due to revised methodology for computing miscellaneous assets. | 28 |
| 2024q3 | Instrument table reorganization and renumbering: Transaction and level instrument tables F.200 and L.200 through F.205 and L.205 have been reorganized and renumbered to align more closely with international guidelines set forth in the System of National Accounts 2008. These changes also align the treatment of monetary gold, special drawing rights (SDRs), other U.S. official reserves, currency, and deposits throughout the Financial Accounts of the United States, including the Integrated Macroeconomic Accounts (tables S.1.a-S.9.a) and international data submissions (https://www.federalreserve.gov/apps/fof/InternationalData.aspx). Additional release highlights provide more information. | 29 |
| 2024q3 | New monetary gold and special drawing rights (SDRs) tables: New tables for monetary gold and special drawing rights (SDRs) (tables F.200 and L.200) reorganize line items previously published on the now discontinued tables for U.S. official reserve assets and SDR allocations (previously F.200 and L.200). Monetary gold is now presented at market value, consistent with the Bureau of Economic Analysis' (BEA) International Investment Position data. Gold certificates issued by the Treasury to the Federal Reserve are now categorized as miscellaneous financial claims (tables F.234 and L.234). Other official reserve assets have been reclassified to other instrument categories as described in a separate release highlight. | 30 |